You may have spotted recently the new developments in Photoshop CS6 due to release on May 7th. Adobe have included the feature to grade and create basic edits directly from within a PSD.
Coupled with the new SpeedGrade software it looks like now we have some really useful tools from Adobe for grading and composition outside of Color, Looks and After Effects. Watch the video here.
I wonder wether it will allow R3D editing natively within Photoshop? I guess I will find out next week…